Mt. Gox, the cryptocurrency exchange that lost 850,000 Bitcoin in investor funds in 2024, will start repaying its defunct users.
The trustee has once again asked the users for patience, adding that the order of the payments will depend on the respective cryptocurrency exchange: More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 creditors of Mt. Gox. These creditors have been waiting for over 10 years to recover their funds following the exchange’s collapse in 2014 due to multiple unnoticed hacks.Mt. Gox’s repayment plans were some of the most followed industry developments, with users waiting to be reimbursed for their lost BTC for over 10 years.worth $9.62 billion into a new wallet, “1Jbez,” from several other cold wallets associated with Mt.
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